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Tag: state

Sale of SeaSparrow missiles to Mexico approved by State Department

Sale of SeaSparrow missiles to Mexico approved by State Department

Business
Aug. 10 (UPI) -- The State Department has approved a possible foreign military sale to Mexico of six Evolved SeaSparrow surface-to-air missiles and two Evolved SeaSparrow telemetry missiles for an estimated $ 41 million. The order, announced Thursday by the Defense Security Cooperation Agency, includes one eight-cell MK 56 VLS launcher, eight MK30 canisters, eight MK783 shipping containers, spare parts, support and testing equipment, training and technical assistance, in addition to the missiles. The missiles will strengthen U.S. national security by boosting the maritime capabilities for a close ally, DSCA said in a press release. The missiles will be provided by Raytheon Missile Systems out of Tucson Ariz. The ESSM surface-to-air missile is an international program to improve the RIM-7...
Israel approves 'Jewish nation state ' law

Israel approves 'Jewish nation state ' law

World
Israel has approved a controversial law that defines the country as the nation-state of the Jewish people - leading to accusations that it discriminates against Arabs. The Jewish Nation-State Bill, passed just after the state marked the 70th anniversary of its birth, was hailed as a "defining moment in the annals of Zionism" by Prime Minister Benjamin Netanyahu.But critics, including many Arabs, however, said it was racist and discriminatory, planting the seeds of an "apartheid state".The law, backed by the right-wing government, was passed with a 62-55 vote and two abstentions in the 120-member parliament, after months of political argument.Some Arab MPs shouted and ripped up papers after the vote.The bill enshrines Hebrew as the only official language of the state, stripp...
India's massive state banks are in trouble. That's great news for some

India's massive state banks are in trouble. That's great news for some

Finance
India's banking sector crisis has left most state lenders hamstrung with mounting levels of bad loans, investigations into fraud and restricted growth opportunities. Amid that storm, private banks are set to emerge as winners. India's public-sector financial institutions control about 70 percent of all banking assets in the country, but they have the highest exposure to soured loans amounting to as much as $ 150 billion. In fact, the 21 state-owned banks had stressed loans of about 8.26 trillion rupees ($ 120 billion) as of Dec. 31, Reuters reported. Private sector lenders, meanwhile, reportedly had a bad loan pile of just ab...
Graham Spanier, ex-Penn State president, loses appeal in Jerry Sandusky case

Graham Spanier, ex-Penn State president, loses appeal in Jerry Sandusky case

Sports
Graham Spanier, former president at Penn State University, lost an appeal of his misdemeanor conviction for child endangerment over his handling of a 2001 complaint about Jerry Sandusky showering with a boy in the football team locker room. Sandusky was a long-time Penn State football assistant who is serving a 30-to-60-year sentence for 45-count child sexual abuse conviction. A Superior Court in Harrisburg, Pa., rejected Spanier's claims that too much time had passed to charge him, that he was not legally obligated to care for the boy and should not have been charged because he did not supervise children directly. "To hold that (he) was not supervising a child's welfare when he oversaw PSU's response to the Sandusky allegations, or to hold that he owed no duty of care in his exercise...
State Dept. approves $1.2B sale of helicopters, missiles to Mexico

State Dept. approves $1.2B sale of helicopters, missiles to Mexico

Business
April 23 (UPI) -- The U.S. State Department said it has approved a possible foreign military sale to Mexico for MH-60R Seahawk multi-mission helicopters, and missiles, radars and machine guns to go with them.The deal, announced Friday by the Defense Security Cooperation Agency, is worth $ 1.2 billion and requires Congressional approval before the contract is finalized. Members of Congress were notified of the potential foreign military sale last week.DSCA says the Government of Mexico requested the purchase of eight MH-60R Seahawk multi-mission helicopters, equipped with specific mechanical specifications and on-board technology systems designed for advanced targeting and night operations.Moreover, Mexico requested 10 AGM-114 Hellfire missiles, five AGM-114 M36-E9 Captive Air Training miss...